Sitharaman lays 16th Finance Commission report in Lok Sabha

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....itharaman lays 16th Finance Commission report in Lok Sabha<BR>PTI News<BR>Dated:- 1-2-2026<BR>PTI<BR>New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Sunday laid the 16th Finance Commissi....

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....on report for tax revenue devolution between Centre and states for 2026-2031 in the Lok Sabha. The Finance Commission, which has been set up under the Constitution, provides a formula for devolution....

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.... of taxes between Centre and states. Cesses and surcharge levied by the Centre are not part of the divisible pool. The Finance Commission is a constitutional body that gives suggestions on Centre-....

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....state financial relations and is set up periodically. The 16th Finance Commission, headed by former Vice-Chairman of Niti Aayog Arvind Panagariya, was set up on December 31, 2023. Led by Panagariy....

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....a, Finance Commission members --? Retired bureaucrat Annie George Mathew, economist Manoj Panda, SBI Group Chief Economic Advisor Soumya Kanti Ghosh, and RBI Deputy Governor T Rabi Sankar --? and Secr....

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....etary to the Commission Ritvik Pandey submitted its report to President Droupadi Murmu on November 17, 2025. PTI JD SP RR TRB<BR> News - Press release - PIB....